(Reuters) - "It was a little higher than expected," John Jansen, director of fixed-income sales at CastleOak Securities in New York, said of the latest claims report. "There's a bit of risk aversion going on."
Investors have been reducing their holdings of risky bonds, especially in subprime mortgages, amid problems at two hedge funds managed by Bear Stearns , traders said.
Read more at Reuters.com Hot Stocks News
Investors have been reducing their holdings of risky bonds, especially in subprime mortgages, amid problems at two hedge funds managed by Bear Stearns , traders said.
Read more at Reuters.com Hot Stocks News
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